Applies relevant economic theory to develop a framework of analysis and techniques that business
managers can use in deciding how to allocate a firm's scarce resources to achieve its objectives. Uses
economic analysis to support business strategy decisions that promote competitiveness in an environment of
changing domestic and international market conditions, government regulations, trade policies and resource
availability. Systematically analyzes how global economic integration affects the production, input sourcing
and pricing decisions of firms operating in different market structures.